A Positive Technological Change Which Decreases the Price of Inputs

question 74

Multiple Choice

A positive technological change which decreases the price of inputs 1366 Technologies uses to produce solar wafers will cause

• A) 1366 Technologies' average total cost curve and marginal cost curve to shift downward.
• B) 1366 Technologies' average total cost curve but not its marginal cost curve to shift downward.
• C) 1366 Technologies' marginal cost curve but not its average total cost curve to shift downward.
• D) a movement downward along 1366 Technologies' current average total cost curve.

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Definitions:

Stress

A psychological and physical response to perceived challenges or threats, leading to various emotional, cognitive, and biological reactions.

Hippocampus

A key structure in the brain involved in the formation of new memories and is closely associated with learning and emotions.

Cortisol

A steroid hormone released by the adrenal glands in response to stress and low blood-glucose concentration, involved in metabolic functions.

Memory

The faculty by which the mind stores and remembers information, allowing for the retention and recall of past experiences.